Newspaper article The Morning Bulletin (Rockhampton, Australia)

Carbon Tax Pledge A[euro][approximately]gutsy'; GE Honcho Praises Federal Government for Initiative

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Carbon Tax Pledge A[euro][approximately]gutsy'; GE Honcho Praises Federal Government for Initiative

Article excerpt

THE Australian government is agutsya to follow through on its pledge to introduce a carbon tax, the world's top industrial conglomerate says.

GE vice-chairman John Rice said the $23-a-tonne tax applying from July 1 would prompt the company to allocate more resources to carbon-reducing technologies.

Mr Rice said GE, which made the nuclear power plant reactors at Fukushima and was heavily involved in renewable energy, had long believed in a trading mechanism to reduce carbon emissions and encourage the development of new technologies.

It was courageous for the Federal Government to move before the rest of the world in introducing a price on carbon emissions, he said.

aI applaud the Australian government for having the courage to go through with it because I think over the long run, the world is going to be better served if there is a cost associated with the production of carbon,a Mr Rice told ABC Television on Sunday.

aIt takes gutsy politicians and so we applaud the Australian Government, the Prime Minister for following through. …

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